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i'm not going to raise the debt ceiling. then you went on to say i think personally it would bring stability to the world markets if the debt ceiling were not raised. i want you to first of all tell us if those quotes were accurate and what you meant. >> yeah. those quotes are accurate. i appreciate you having me on, wolf. not raising the debt ceiling does not automatically trigger a default. what i meant by that article there was, you know, i feel like groundhog day, it's kind of like the debate between jimmy carter and ronald reagan. there you go again. we are doing the same things we've done the last 15 years. we have raised the debt ceiling 14 times since 2001 and if that was the answer, we wouldn't be here today. what i meant by that statement was this. if we as a nation, as legislators, address this condition of overspending and if we address that and we say to the rest of the world, to our financial markets, to the rest of the world market, say listen, we've got a spending problem, we realize it, we get it, we're goin
i'm not going to raise the debt ceiling. then you went on to say i think personally it would bring stability to the world markets if the debt ceiling were not raised. i want you to first of all tell us if those quotes were accurate and what you meant. >> yeah. those quotes are accurate. i appreciate you having me on, wolf. not raising the debt ceiling does not automatically trigger a default. what i meant by that article there was, you know, i feel like groundhog day, it's kind of like...
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Oct 20, 2013
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, the idea it has to separately agree to raise the debt ceiling to raise the money to pay for them invites exactly what martin said which is internal inconsistency. congress says yes, we'll vote for spending but we won't vote for debt ceiling. >> martin, above your piece was an interesting piece by a chinese economists who we all know, david lead, really respected by the chinese respect, where he said it's mystifying how the united states is acting but mystifying why china continues to buy so much american debt. he outlines a simple way the chinese could diversify into a bunch of things saying chinese have so much money they could put a trillion dollars into other country's bonds which are high quality. don't you think people in china and perhaps in other countries are wondering for themselves maybe we should diversify. we don't need those many treasury bills. >> i think that's perfectly plausible. if they regard these and they did in some ways as safest assets in the world, and then that must have taken a knock. it's clear that we're going to see this again in a few months. there will be
, the idea it has to separately agree to raise the debt ceiling to raise the money to pay for them invites exactly what martin said which is internal inconsistency. congress says yes, we'll vote for spending but we won't vote for debt ceiling. >> martin, above your piece was an interesting piece by a chinese economists who we all know, david lead, really respected by the chinese respect, where he said it's mystifying how the united states is acting but mystifying why china continues to...
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Oct 8, 2013
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ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage will have been done even if that were constitutional. >> 14th amendment says the validity of the public debt, shall not be questioned. so does that give the president potentially, worst case, nightmare scenario, the u.s. about to default, an opening? >> no one know, wolf. no one knows whether the president has this power. and it's a measure of the desperation of the system that people are reading into the 14th amendment this power as somehow the president says a rabbit out of the hat to allow him to bypass congress. but i think there
ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage...
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Oct 14, 2013
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the big issue is the debt ceiling and length of raising the debt ceiling and what price if any democrats are willing to pay on that. one last thing, i was told just before coming down to the hallway here to take out this meeting that the whole concept of medical devices, the tax on medical devices which republicans have been pushing on because it has to do with obama carrie peeling that or maybe delaying that is still possibly on the table as part of this short-term deal. again, it's very fluid. they're still trying to finalize it. >> short-term being a key word we keep hear. thanks very much, dana bash. we'll stay in touch with you for more on a possible deal. still very uncertain. let's bring in someone from capitol hill, reed ribble is a freshman republican congress man everyone wisconsin. you've been hearing about potentially there some sort of deal with the senate leadership there. how close or far are we from this actually being resolved? >> well, i think we're getting closer for sure. they're going to go over to the white house this afternoon. it will be by camera and bipartisan t
the big issue is the debt ceiling and length of raising the debt ceiling and what price if any democrats are willing to pay on that. one last thing, i was told just before coming down to the hallway here to take out this meeting that the whole concept of medical devices, the tax on medical devices which republicans have been pushing on because it has to do with obama carrie peeling that or maybe delaying that is still possibly on the table as part of this short-term deal. again, it's very...
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Jan 14, 2013
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the nation's debt ceiling, raising the nation's debt ceiling as leverage in getting further spending cuts. john king is here, gloria borger is here with us. both of you stand by. brianna keilar was at the news conference. she's over there at the white house. brianna, the president was very tough in offering his assessment on what needs to be done. >> reporter: that's right, wolf. and he said he will not negotiate on the debt ceiling, the end. he has reiterated that, and this was his chance to come out today and say it yet again. he said today that the united states is not a deadbeat nation. and the point that he was making and i think we'll be hearing a lot more of, and we've heard some of in the past, is that he says this is spending that has already taken place. he used an analogy where he talked about, you go out for a meal at the restaurant and then you don't pay the bill. he's saying this is the equivalent of that. he was asked about the fact that republicans, this really is one of their only cards to play at this point, but he said that it's irresponsible and it's absurd. and h
the nation's debt ceiling, raising the nation's debt ceiling as leverage in getting further spending cuts. john king is here, gloria borger is here with us. both of you stand by. brianna keilar was at the news conference. she's over there at the white house. brianna, the president was very tough in offering his assessment on what needs to be done. >> reporter: that's right, wolf. and he said he will not negotiate on the debt ceiling, the end. he has reiterated that, and this was his...
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because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says, you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans benefits or social security. whatever it is that congress has already authorized, what this does is make sure that we can pay those bills. now, the last time that the tea party republicans flirted with the idea of default two years ago, markets plunged, business and consumer confidence plunged, america's credit rating was downgraded for the first time. a decision to actually go through with it, to actually permit default, according to many ceos and economists, would be, and i'm quoting here, insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened default to a nuclear bomb, a weapon too horrible to use. it would disrupt markets. it would undermine the world's confidence in america as the bedrock of the global economy. and it might perm faane
because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says, you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans benefits or social security. whatever it is that congress has already authorized, what this does is make sure that we can pay those bills. now, the last time that the tea party...
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Oct 16, 2013
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no one wins if you don't raise the debt ceiling. i'm going to be wracking my brain to figure out who could win if you don't raise the debt ceiling, that's what washington is about, who is going to win. no one wins so what happens next, if they don't raise the debt ceiling? i don't think the lights go out on october 17th, you have a couple of days while the treasury figures out which bills to pay and slowly the momentum would continue after that and you start to see the cracks in the financial system, you'd see yields spike and the stock market come unclud, just when that would happen no one knows for sure but today right now, a half hour before the market closes investors around the world are betting that washington will not be that stupid. carol? >> i hope they're right. i really hope they're right. what about the action that fitch took? what should we read into that? >> you know, fitch essentially is warning the u.s. and telling us what we already know the congress doesn't know how to run a business. it should have raised the debt
no one wins if you don't raise the debt ceiling. i'm going to be wracking my brain to figure out who could win if you don't raise the debt ceiling, that's what washington is about, who is going to win. no one wins so what happens next, if they don't raise the debt ceiling? i don't think the lights go out on october 17th, you have a couple of days while the treasury figures out which bills to pay and slowly the momentum would continue after that and you start to see the cracks in the financial...
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does default on its debt, doesn't raise the debt ceiling. it looks like he's going to have a tough sell, especially with republicans on the panel. let's play a clip. i believe we have treasury secretary lew speaking with republican senator from wyoming, mike enzi. let's listen. >> mr. secretary, i think this is the 11th time i've been through this discussion about the sky is falling and the earth will erupt. wyoming families aren't buying these arguments. they're saying, you can't spend more than you take in. and you can't -- definitely can't keep doing it forever and ever and ever. >> senator, those wyoming families know that after they've run up their credit card, they don't get to ignore t they have to pay the bill. the debt limit is just paying our bills. >> and those bills secretary lew was talking about are bills that will come due between october 17th and november 1st, bills that would pay military troops, active duty troops, medicare, medicaid payments, not just bills or payments to bond holders. a whole lot of people would be in tro
does default on its debt, doesn't raise the debt ceiling. it looks like he's going to have a tough sell, especially with republicans on the panel. let's play a clip. i believe we have treasury secretary lew speaking with republican senator from wyoming, mike enzi. let's listen. >> mr. secretary, i think this is the 11th time i've been through this discussion about the sky is falling and the earth will erupt. wyoming families aren't buying these arguments. they're saying, you can't spend...
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Oct 15, 2013
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the debt ceiling will be raised until probably the first week in february. and you know, the idea is that democrats gave a little bit, they think a lot because they wanted the debt ceiling to be raised through the end of 2014. it's going to be earlier. and the republicans think they gave a little bit. they wanted to have the government open and move all the way into next year because you know, the sequester levels, another round of cuts happen in 2014. but that's not going to happen now. >> they would keep the level of funding at the lower sequester now but not the lower level that kicks in next year. what about obama care? >> they say at this point they are -- i guess nibble around the edges, not anything big like defunding or delaying or the other things that you voted for that didn't go in the senate like making sure that there is verification of people's income levels they are getting subsidies. >> i thought that was in it, actually. >> the white house says there is something in there already. but they want to make sure. >> and another tax that might be
the debt ceiling will be raised until probably the first week in february. and you know, the idea is that democrats gave a little bit, they think a lot because they wanted the debt ceiling to be raised through the end of 2014. it's going to be earlier. and the republicans think they gave a little bit. they wanted to have the government open and move all the way into next year because you know, the sequester levels, another round of cuts happen in 2014. but that's not going to happen now....
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Oct 13, 2013
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default equals not raising the debt ceiling. that's not true. >> we are not going to default from the public dead. but that doesn't mean we have to pay every bill that comes in. >> lots of decisions about how to prioritize spending. there's plenty of casual flow to pay interest payments come october 17th. >> even if the treasury could work through the legal and technical issues, the u.s. would still be breaking promises to paf its bills. breaking promises on contracts with small business lsz. governor, this debt ceiling fight has really taken the business commune tip -- it's made it very concerned. i mean, across the board. trade asoeszuations, big and small businesses alike. all kinds of different companies saying stop this madness. even talking about a default is just showing -- it's setting a terrible example. we koent run a country like this. >> happy hall weenl. i don't know what else to say. it is a retched place in which the country finds itself. yesterday, i testified in front of the senate banking committee. both democr
default equals not raising the debt ceiling. that's not true. >> we are not going to default from the public dead. but that doesn't mean we have to pay every bill that comes in. >> lots of decisions about how to prioritize spending. there's plenty of casual flow to pay interest payments come october 17th. >> even if the treasury could work through the legal and technical issues, the u.s. would still be breaking promises to paf its bills. breaking promises on contracts with...
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we still wouldn't fall into economic disaster if the debt ceiling isn't raised. here's what they said on "new day" today. >> and the problem is we continue to kick it down the road. and when it doesn't, that's when the ka tas toefy comes. i'd rather have a managed -- it's default equals not raising the debt ceiling. that's not true. that is not true. those are two -- those are two different and distinct things. >> okay. again, it's my fault. the media. and christine romans, i'm going to put it on her instead. she's back with me to talk about this back and fords. seemingly endless back and forth. >> stock markets are tumbling as the death ceiling deadline looms and the government remains partially shutdown. and you may start feeling the repercussions. lawmakers talking to the country. >> the greatest nation on earth shouldn't have to get permission from a few irresponsible members of coming every couple of months to keep our government open. >> reporter: as the president spoke, the selling continued. the dow dropping 159 points by tuesday's close. >> ke can't rais
we still wouldn't fall into economic disaster if the debt ceiling isn't raised. here's what they said on "new day" today. >> and the problem is we continue to kick it down the road. and when it doesn't, that's when the ka tas toefy comes. i'd rather have a managed -- it's default equals not raising the debt ceiling. that's not true. that is not true. those are two -- those are two different and distinct things. >> okay. again, it's my fault. the media. and christine...
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Oct 17, 2013
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this is the 13th time that congress has voted to raise the debt ceiling since 2001. i would point out that after the financial crisis in 2008, it happened three times within the next year. but we're seeing it in greater frequency that congress has to vote to raise the debt ceiling. this has become a bigger problem. and republicans have said they want to use the debt ceiling as leverage for the democrats to give them more concessions. but republicans are saying now this has not worked, the strategy of using the debt ceiling as leverage. >> they hijacked the plane, knowing how to land it. 16 days this went on for, it was all over obama care, they wanted to de-fund it. that didn't happen. what did the republicans get? >> very little. they didn't delay obama care. they didn't de-fund obama care. they also didn't repeal a small tax that would pay for a portion of obama care. they got one small fraud protection measure, and that was about it. now in terms of funding the government, they're funding it at a slightly lower level than democrats wanted. republicans got closer t
this is the 13th time that congress has voted to raise the debt ceiling since 2001. i would point out that after the financial crisis in 2008, it happened three times within the next year. but we're seeing it in greater frequency that congress has to vote to raise the debt ceiling. this has become a bigger problem. and republicans have said they want to use the debt ceiling as leverage for the democrats to give them more concessions. but republicans are saying now this has not worked, the...
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both vote against raising the debt ceiling. >> that's different. okay. we've got to go to break. we've got to go to break. >> oh, a showboat. >> they should be able to have it. threatening to shut down the government to get what you want is another thing. >> not defaulting on the debt. you as an economist know the difference. >> we're going to talk about this when we come back from break. i want you both to stay here. we'll see if there's anything you two can agree on. and we want you to weigh in on today's fire back question. are you optimistic that a deal will pass congress this week? vote now. we'll have the results after the break. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what
both vote against raising the debt ceiling. >> that's different. okay. we've got to go to break. we've got to go to break. >> oh, a showboat. >> they should be able to have it. threatening to shut down the government to get what you want is another thing. >> not defaulting on the debt. you as an economist know the difference. >> we're going to talk about this when we come back from break. i want you both to stay here. we'll see if there's anything you two can agree...
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Oct 19, 2013
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. >> the debt ceiling was raised and the government reopened. in other words what should have occurred from the start. >> this whole shut down has been completely unnecessary. >> the worst case scenario hurt the american people. >> investors are happy to be back from the brink. the dow climbed 200 points, but before you pop the champagne, remember these dates? add two more to your calendar. january 15 is the day we face another government shut down and february 7th we hit the debt ceiling again. there is no end in sight to washington's short-term thinking. we've seen the bad -- >> i will not negotiate over the full faith and credit of the united states. >> i speak in support of defunding obama care until i'm no longer able to stand. >> we will not shut down the government again, i guarantee it. >> it is really something when progress is just doing your job. gentleman, thanks for joining me. john this is no way to run the world's largest business. odds of a repeat in january? >> you don't think this is the way to run a business? i was thinking ab
. >> the debt ceiling was raised and the government reopened. in other words what should have occurred from the start. >> this whole shut down has been completely unnecessary. >> the worst case scenario hurt the american people. >> investors are happy to be back from the brink. the dow climbed 200 points, but before you pop the champagne, remember these dates? add two more to your calendar. january 15 is the day we face another government shut down and february 7th we...
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this is the 13th time that congress has voted to raise the debt ceiling since 2001. but we're seeing it happening more frequently. and that is part of the problem here that we're going to have to go through this all over again. now president obama did say tonight that he doesn't think we'll see the same thing happen when it comes up again in january and february. but of course, it is too early to be seen. republicans have made clear that they want to use the debt limit as leverage, but some republicans are saying that strategy just is not working anymore. >> okay, so what is the timing here? when does the government actually get back to business? when do the workers actually turn up for their jobs? >> well, as you said at the top of the show, president obama signed this bill within the last half hour or so. and the federal government is now actually reopened. one national park said that they were reopening tonight. and federal workers will return to work in the next eight hours or so. so we're already seeing the government open again. >> okay, 16 long days, a lot of
this is the 13th time that congress has voted to raise the debt ceiling since 2001. but we're seeing it happening more frequently. and that is part of the problem here that we're going to have to go through this all over again. now president obama did say tonight that he doesn't think we'll see the same thing happen when it comes up again in january and february. but of course, it is too early to be seen. republicans have made clear that they want to use the debt limit as leverage, but some...
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so this is a political exercise that occurs anytime there's a necessity of raising the debt ceiling. if you look at it from the chair of a treasury secretary, you'd like to get rid of that. on the other hand, i think it does provide some restraint on the tendency of our government these days to enter into unrestrained spending and incurring additional debt. >> the president outlined in his remarks after the crisis three areas where he thought even though there were big disagreements in the parties and there was polarization, there was a way forward. he said we can come to some agreement on a budget deal, and he cited some of the things he's already been willing to put on the table, and paul ryan actually in an op-ed echoed that suggestion. he talked about immigration, and he talked about a farm bill. how likely do you think it is that we'll get a deal on any of these three things? >> well, i think there's a good chance we might get some sort of a deal on the farm bill. we need a farm bill. i would hope we would get a deal on immigration because i think that's an issue that needs to b
so this is a political exercise that occurs anytime there's a necessity of raising the debt ceiling. if you look at it from the chair of a treasury secretary, you'd like to get rid of that. on the other hand, i think it does provide some restraint on the tendency of our government these days to enter into unrestrained spending and incurring additional debt. >> the president outlined in his remarks after the crisis three areas where he thought even though there were big disagreements in...
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believe when you're raising the debt ceiling, you ought to deal with the debt. so they feel like they're on firm ground on that one. >> it's not an easy vote for them. they might want -- >> not an easy vote for anybody. >> i think that, if obama was willing to give something -- if obama could get the abolition of the debt ceiling, i think he could break his no negotiations pledge but like you said, republicans -- >> no. there are some republicans talking about a short-term, you know, funding of the government tied to the debt ceiling, and i don't know that that's gotten anywhere. >> why doesn't the president just pick up the phone, tell john boehner, come over here, forget about harry reid, forget about nancy pelosi, forget about mitch mcconnell. just john boehner and him, one-on-one, the two of them start talking and it might not take a few hours, it might take a few days. why doesn't he do that? that's the way bill clinton used to work with newt gingrich during the shutdowns in '95 and '96. >> his position is as soon as you make that call and enter into negoti
believe when you're raising the debt ceiling, you ought to deal with the debt. so they feel like they're on firm ground on that one. >> it's not an easy vote for them. they might want -- >> not an easy vote for anybody. >> i think that, if obama was willing to give something -- if obama could get the abolition of the debt ceiling, i think he could break his no negotiations pledge but like you said, republicans -- >> no. there are some republicans talking about a...
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Sep 27, 2013
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debt ceiling. so which can have a greater effect on you and the country and the economy? we're taking a closer look. that's next. nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. a writer and a performer. ther, i'm also a survivor of ovarian and uterine cancers. i even wrote a play about that. my symptoms were a pain in my abdomen and periods that were heavier and longer than usual for me. if you have symptoms that last two weeks or longer, be brave, go to the doctor. ovarian and uterine cancers are gynecologic cancers. symptoms are not the same for everyone. i got sick... and then i got better. her busy saturday begins with back pain, when... hey pam,
debt ceiling. so which can have a greater effect on you and the country and the economy? we're taking a closer look. that's next. nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that...
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, raise the debt ceiling until february 7th. the 11th hour bargain ends the 16-day shutdown and avoids a u.s. financial default with potentially global economic consequences. even though federal employees will have the opportunity to finally return to work today, the deal only funds the government through mid-january. setting the stage for another possible showdown in coming months, something no one wants to see but coulding our future she soon. for many in the gop it has been a bitter pill to swallow. the final bill made no real changes to obama care in the end but instead exposed a risk within the republican party. house speaker john boehner was caught between warring facts, especially in the house and although many of his republican colleagues were coming out in support of him this morning, his future maybe not as clear as some may think. here's cnn joe johns with more. >> reporter: in the end, republicans came away with almost nothing yet behind closed doors, speaker john boehner got a standing ovation from colleagues and sp
, raise the debt ceiling until february 7th. the 11th hour bargain ends the 16-day shutdown and avoids a u.s. financial default with potentially global economic consequences. even though federal employees will have the opportunity to finally return to work today, the deal only funds the government through mid-january. setting the stage for another possible showdown in coming months, something no one wants to see but coulding our future she soon. for many in the gop it has been a bitter pill to...
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Oct 11, 2013
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needs to raise the debt ceiling. but time and again they don't seem to be able to get that message across. kristina guard had another go. >> it will have financial consequences that will apply not just to this country but across the globe given the strong interconnectiveness across the economies not to mention the basic practicalities of how to deal with technical default, impaired/nonimpaired security, given the very, very deep penetration of treasury bonds from the united states and all portfolios around the globe. >> that's the point, michael, suzanne. everybody, every bank, every insurance company, every mutual fund, many governmentses, ordinary investors in their portfolios and their pensions have some form of u.s. government securities in their banks. and the ripple effects could be quite tremendous if the worse comes. but, of course, i'm going to come back to what the market are saying. the markets do not believe the worse will happen. that's what you saw yesterday. that's what you're seeing in the numbers tod
needs to raise the debt ceiling. but time and again they don't seem to be able to get that message across. kristina guard had another go. >> it will have financial consequences that will apply not just to this country but across the globe given the strong interconnectiveness across the economies not to mention the basic practicalities of how to deal with technical default, impaired/nonimpaired security, given the very, very deep penetration of treasury bonds from the united states and all...
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debt ceiling. china and japan are warning, yeah, raise it. >> china is now complaining. about a fiscal integrity of the united states of america, because we are arriving at a point in a feud, we are not going to pay our bills. this is america. >> check out these international headlines. these are not the worst of them. the uk's "independent" newspaper saying china to the u.s., get your fiscal house in order. >> china warns washington over u.s. fiscal impasse. >> alison kosik is joining us now. china and japan are concerned about the u.s. financial impasse for one reason. they are holding most of the foreign debt. >> exactly. they are allowed to complain, right? china plaining? you can understand that. china and japan are our biggest creditors so they want to get paid. you look at who holds our debt. china holds 1.3 trillion dollars of our debt and they invest in the u.s. and buy our debt and that debt accrues interest and we have to pay that interest. china and japan, they want to make sure this ha
debt ceiling. china and japan are warning, yeah, raise it. >> china is now complaining. about a fiscal integrity of the united states of america, because we are arriving at a point in a feud, we are not going to pay our bills. this is america. >> check out these international headlines. these are not the worst of them. the uk's "independent" newspaper saying china to the u.s., get your fiscal house in order. >> china warns washington over u.s. fiscal impasse....
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Oct 18, 2013
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the debt ceiling has been raised. funding restored. at least for now. but as tory tells us it may not be the end of the fighting that just could paralyze the nation again. >> without objection, the motion is agreed to. >> reporter: near the stroke of midnight, it was dubbed a done deal. the debt ceiling raised until february 7th. government funded through january 15th. just hours later, signs of normality across the country and many monuments and museums are open for business and the panda cam is back up and running. >> welcome back, everybody. >> reporter: furloughed workers return back to work. >> i'm thrilled. really thrilled. i'm happy just to be back. >> relief. it's been three weeks. >> reporter: relief the shutdown showdown is over. >> let's be clear. there are no winners here. these last few weeks have inflicted completely unnecessary damage on our economy. >> reporter: now congress has to come up with a broader budget deal by december 13th. the hope? it's not another 11th hour deal. >> in the coming days and weeks, we should sit down and pursue
the debt ceiling has been raised. funding restored. at least for now. but as tory tells us it may not be the end of the fighting that just could paralyze the nation again. >> without objection, the motion is agreed to. >> reporter: near the stroke of midnight, it was dubbed a done deal. the debt ceiling raised until february 7th. government funded through january 15th. just hours later, signs of normality across the country and many monuments and museums are open for business and...
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Oct 2, 2013
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every professional economic analyst would say you have to raise the debt ceiling. these are bills we also racked up. >> this is more evidence, kate, of divided america. red versus blue and how the dynamic has change, especially since you have these new tea party members. the 30 or 40 in the house that were driving this debate who go home to safe republican districts and keep saying you have to stop all this spending, the government can't spend more than it takes in. that's the valid political principle. when it comes to bills the government owes, though, that's dangerous. this tells you a lot. republicans are going home, most of them to safe republican districts. they're being told don't worry about it, you don't have to raise the debt ceiling. even here, look at this, even among independents, pretty evenly divided on whether or not raising the debt creeling is a good thing. you have bipartisan consensus among economists that it would be a disaster, a catastrophe. politically you have a divide. more people say raise the debt ceiling and fight the health care debate
every professional economic analyst would say you have to raise the debt ceiling. these are bills we also racked up. >> this is more evidence, kate, of divided america. red versus blue and how the dynamic has change, especially since you have these new tea party members. the 30 or 40 in the house that were driving this debate who go home to safe republican districts and keep saying you have to stop all this spending, the government can't spend more than it takes in. that's the valid...
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Dec 20, 2013
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fight, some republicans have suggested that they're not just going to raise the debt ceiling without getting some sort of concession, and here was his response to that. >> to repeat, the debt ceiling is raised simply to pay bills that we have already accrued. it is not something that is a negotiating tool. it's not leverage. >> jack lew, treasury secretary, is saying we have seven weeks to raise the debt ceiling. where are we heading here? >> how did the showdown work for the republicans last time? not so well. i'm assuming it's like they have been burned on the stove and will not jump back on it and there will be not the same kind of showdown next time. but the tea party republicans, maybe they will do it again. >> i think this is an issue the republicans believe we need a showdown on. most of them believe they are in alignment with the public on that. it's interesting he said i'm not willing to negotiate but i'm willing to talk. guess what, that's negotiating. >> stick around. we will keep you guys for another block. coming up on "the lead" the president talked about the 46 recomme
fight, some republicans have suggested that they're not just going to raise the debt ceiling without getting some sort of concession, and here was his response to that. >> to repeat, the debt ceiling is raised simply to pay bills that we have already accrued. it is not something that is a negotiating tool. it's not leverage. >> jack lew, treasury secretary, is saying we have seven weeks to raise the debt ceiling. where are we heading here? >> how did the showdown work for the...
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Sep 26, 2013
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if we refuse to raise the debt ceiling. they think that will be very hard on the republican party's national image. but on the house side in particular, you have republicans that are in districts that really say fine, shut down the government, if that's what it takes. so the risks to the -- certainly to the imagery of the republican party, arepublicans think is high when it comes to shutting down the government. they do think, by the way, even the republicans who say we're not going to shut down the government, let's just get it done, say we would like to get rid of obama care. >> they agree on that. >> this is the big old wish list. we would love to get rid of it, but this isn't the way to do it. i think over the next year or two years or five years, you'll see adjustments, maybe you'll see big adjustments to this law. again, they're going to try to delay it for a year. we'll see if that pans out. it doesn't look likely given the numbers in the senate. i think it's just the beginning of it, but i think most of the folks on
if we refuse to raise the debt ceiling. they think that will be very hard on the republican party's national image. but on the house side in particular, you have republicans that are in districts that really say fine, shut down the government, if that's what it takes. so the risks to the -- certainly to the imagery of the republican party, arepublicans think is high when it comes to shutting down the government. they do think, by the way, even the republicans who say we're not going to shut...
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Oct 16, 2013
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it would raise the debt ceiling. but it did two things. first of all, it would require all members of the house, senate, the president, vice president, cabinet officials, all of them had to enter the obama care exchanges with no subsidy, and then also it would repeal the medical device tax which i know a lot of democrats in the senate as well as republicans would agree on. you're for repeal of course. because there's a lot of medical device companies in pennsylvania. so i heard liberal commentators say, that seems like a reasonable counter offer from house republicans. good. maybe this will be done. but immediate lit white house, and i believe harry reid said no. we're not going to do that. ultimately, i guess, that bargaining technique worked to a degree. but i think if you could explain why no was the default there for the president and harry reid when like i said a lot of liberal commentators said that's not so crazy. >> well, i can't speak for how they arrived at it. but do i know that sometimes you're reacting to one part of an agreem
it would raise the debt ceiling. but it did two things. first of all, it would require all members of the house, senate, the president, vice president, cabinet officials, all of them had to enter the obama care exchanges with no subsidy, and then also it would repeal the medical device tax which i know a lot of democrats in the senate as well as republicans would agree on. you're for repeal of course. because there's a lot of medical device companies in pennsylvania. so i heard liberal...
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Oct 16, 2013
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we don't know what it looks like yet that would raise the debt ceiling and avoid the prospect of default and get the government started again. so we have to keep our fingers crossed in the senate that deal gets struck. >> marsha blackburn, let's talk about ted cruz for a moment because he's the man for the moment, good or bad depending on your view and he's clearly making a bit of a dash to be a front runner for the republican nomination perhaps in 2016 and that's the real agenda. what is good for ted cruz and his political career might be disas rous for the american people, if not his own party. what is your view of his behavior? >> i think one of the things we should do now is not talk about personalities. what we should talk about is how we make certain that we get this nation on the track to fiscal health and responsibility. and one of the things we cannot do is continue borrowing $2 billion a day to keep the lights on and regardless of whether we like someone or don't like someone, what we have to realize is we've been through a process of people who were elected by their constituen
we don't know what it looks like yet that would raise the debt ceiling and avoid the prospect of default and get the government started again. so we have to keep our fingers crossed in the senate that deal gets struck. >> marsha blackburn, let's talk about ted cruz for a moment because he's the man for the moment, good or bad depending on your view and he's clearly making a bit of a dash to be a front runner for the republican nomination perhaps in 2016 and that's the real agenda. what is...
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Sep 26, 2013
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if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small technical default on a few of our treasury bills. that raised interest rates by over 0.5%. that was a tiny thing, nothing like what we're facing now. we could see a hike if this goes on. >> why is it so much worse this time? >> we've never done it before. it's bad because we borrow so much money. when you look at, for example, $30 billion cash on hand is what the treasury secretary says we have. we have $58 billion of really important bills. those are just the important bills in november. how are we going to pay that? who's going to decide you're going to pay social security but not the chinese, you'll pay for hig
if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small...
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Oct 16, 2013
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we don't know what it looks like yet that would raise the debt ceiling and avoid the prospect of default and get the government started again. so we have to keep our fingers crossed in the senate that deal gets struck. >> marsha blackburn, let's talk about ted cruz for a moment because he's the man for the moment, good or bad depending on your view and he's clearly making a bit of a dash to be a front runner for the republican nomination perhaps in 2016 and that's the real agenda. what is good for ted cruz and his political career might be disas rous for the american people, if not his own party. what is your view of his behavior? >> i think one of the things we should do now is not talk about personalities. what we should talk about is how we make certain that we get this nation on the track to fiscal health and responsibility. and one of the things we cannot do is continue borrowing $2 billion a day to keep the lights on and regardless of whether we like someone or don't like someone, what we have to realize is we've been through a process of people who were elected by their constituen
we don't know what it looks like yet that would raise the debt ceiling and avoid the prospect of default and get the government started again. so we have to keep our fingers crossed in the senate that deal gets struck. >> marsha blackburn, let's talk about ted cruz for a moment because he's the man for the moment, good or bad depending on your view and he's clearly making a bit of a dash to be a front runner for the republican nomination perhaps in 2016 and that's the real agenda. what is...
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Sep 29, 2013
09/13
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maybe 30 bucks left in the bank unless congress raises the debt ceiling. the president says threatening default on our obligations, because of obama care, amounts to blackmail. listen. >> if republicans do not like the law, they can go through the regular channels and processes to try to change it. that's why we have elections. so they can go through the normal processes and procedures of a democracy, but you do not threaten the full faith and credit of the united states of america. >> senator, will the gop demand a delay in obama care for individuals, as a condition for raising the debt ceiling? i mean, is your party willing to risk default because they hate obama care so much? >> that remains to be seen, but i don't think default is a good idea. but i do beg to differ with the president. the legislative process is all about negotiating. the last significant change to federal spending took place in august 2011 when we did raise the debt ceiling, but in return, we got the sequester, which cut over ten years, $1.2 trillion in discretionary spending. so i be
maybe 30 bucks left in the bank unless congress raises the debt ceiling. the president says threatening default on our obligations, because of obama care, amounts to blackmail. listen. >> if republicans do not like the law, they can go through the regular channels and processes to try to change it. that's why we have elections. so they can go through the normal processes and procedures of a democracy, but you do not threaten the full faith and credit of the united states of america....
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Oct 14, 2013
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now world leaders have a message for washington, raise the debt ceiling now. also this. >> interest rates on home loans could spike or even worse, we cos see another credit squeeze making it much harder to borrow. >> racing for default with thursday's deadline could mean for home buyers. investors and the global markets. >> welcome, everyone. welcome to
now world leaders have a message for washington, raise the debt ceiling now. also this. >> interest rates on home loans could spike or even worse, we cos see another credit squeeze making it much harder to borrow. >> racing for default with thursday's deadline could mean for home buyers. investors and the global markets. >> welcome, everyone. welcome to
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Oct 17, 2013
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tonight breaking news, the frantic last-minute deal to reopen the government and raise the debt ceiling with the deadline less than three hours ago, the senate voted to avoid a default and get federal agencies back running and back to work. the senate floor there says yes but will the gop controlled house say yes. if the house does approve it brings a temporary end to the crushing and bitter partisan battle that's taking a heavy toll across america. president obama spoke just a short time ago. listen. >> i want to thank the leaders of both parties for getting us to this point. once this agreement arrives on my desk, i will sign it immediately. we'll begin reopening our government immediately. >> more on that breaking news, the deal the president has been waiting for is now before the house. joining me is senior white house correspondent brianna keeler and dana bash. breanna, they are claiming it's not a great victory the white house but it is, isn't it? >> well, i think in washington terms it might be a victory in that president obama is less a loser than some of the other folks here, p
tonight breaking news, the frantic last-minute deal to reopen the government and raise the debt ceiling with the deadline less than three hours ago, the senate voted to avoid a default and get federal agencies back running and back to work. the senate floor there says yes but will the gop controlled house say yes. if the house does approve it brings a temporary end to the crushing and bitter partisan battle that's taking a heavy toll across america. president obama spoke just a short time ago....
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Oct 20, 2013
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yes, the debt ceiling was raised and the government reopened. >> this whole shut down was un-necessa un-necessary. >> everybody lost. >> the dow climbed 200 points but before you pop the champagne, remember, these dates, well now add two more of them to your calendar. january 15th, we face another government shut down. there is nop end in sight to washington's thinking while adding long-term problems. >> we have seen the bad, the worst. >> this isn't some dam game. >> i intend to speak in support of obama care until i am no longer able to stand. >> we are not going to shut down obama care. i assure you. >> the countdown continues. >> it is really something when progress is just doing your job. greg is the chief political strategist, john, this is no way to run the world's largest business. odds of a repeat in january? >> you don't think this is the way to run a business? c-span can be your video text book. have people watch and see. >> you have heard senator mccain. we won't do this again. the biggest motivation is the damage to the republican brand heading into those last dates you
yes, the debt ceiling was raised and the government reopened. >> this whole shut down was un-necessa un-necessary. >> everybody lost. >> the dow climbed 200 points but before you pop the champagne, remember, these dates, well now add two more of them to your calendar. january 15th, we face another government shut down. there is nop end in sight to washington's thinking while adding long-term problems. >> we have seen the bad, the worst. >> this isn't some dam game....
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Sep 27, 2013
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republicans say they will raise the debt ceiling under certain conditions. the president says he is not going to play that game. >> to suggest america not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with the budget. i mean, this is the united states of america. we are not a deadbeat nation. >> the president says, "i'm not going to negotiate." i'm sorry, it doesn't work that way. >> we ask for the president to sit down with us, harry reid, sit down with us and let's solve the problem! >> republican leaders point to new polls suggesting they want the president to actually negotiate on the issue of the debt ceiling. >> after five months of testimony, jurors in the michael jackson wrongful death trial are now actually deliberating that case. singer's family is suing concert promoter aeg live for billions of dollars. they are claiming the company that promoted jackson's comeback concert is liable for his death as well. here is casey wian. ♪ >> reporter: michael jackson never got the cha
republicans say they will raise the debt ceiling under certain conditions. the president says he is not going to play that game. >> to suggest america not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with the budget. i mean, this is the united states of america. we are not a deadbeat nation. >> the president says, "i'm not going to negotiate." i'm sorry, it doesn't work that way. >> we ask for...
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Sep 27, 2013
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the debt ceiling. is there any wiggle room there as far as you can tell, brianna, at all? >> talking, i know it's hard to imagine, wolf, the idea that perhaps the white house would not negotiate when it comes to the debt ceiling, the idea that the debt ceiling could be breached, which to hear from the white house would be economically calamitous. it's hard to imagine they would allow the debt ceiling to be breached without engaging house republicans, but they're insistent that's what they're doing. they feel if they are to negotiate, if they are to give anything, they will only continue to see furlth demands from house republicans. they say they have negotiated in the past and then it gets them into a bad place. so they don't want to continue with that. and you ask officials here over and over, is there any negotiating room? they insist, wolf, there isn't, but also keep in mind, we do have some time before that deadline of october 17th when the debt ceiling is expected to be hit. >> brianna, they haven
the debt ceiling. is there any wiggle room there as far as you can tell, brianna, at all? >> talking, i know it's hard to imagine, wolf, the idea that perhaps the white house would not negotiate when it comes to the debt ceiling, the idea that the debt ceiling could be breached, which to hear from the white house would be economically calamitous. it's hard to imagine they would allow the debt ceiling to be breached without engaging house republicans, but they're insistent that's what...
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Oct 16, 2013
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a vote that could end the government shutdown, raise the nation's debt ceiling. we expect that vote fair soon. we'll have live coverage, coming up right here in "the situation room." ♪ ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more adventures await in the new seven-passenger lexus gx. lease the 2014 gx 460 for $499 a month for 27 months. see your lexus dealer. so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today... and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen. >>> all right. so we're standing by on a senate vote for the spending is and debt deal. the house expected to vote on it shortly after the senate does. we'll have live coverage here
a vote that could end the government shutdown, raise the nation's debt ceiling. we expect that vote fair soon. we'll have live coverage, coming up right here in "the situation room." ♪ ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more adventures await in the new seven-passenger lexus gx. lease the 2014 gx 460 for $499 a month for 27 months. see your lexus dealer. so she could take her dream to the next level. so we talked about her options. her valuable assets were staying....
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Oct 17, 2013
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it raises the debt ceiling through february 7th. but despite republican efforts, it leaves obama care largely untouched. >> that is what this standoff stood on. house republicans were trying to derail obama care, but all this was resolved by a bipartisan effort in the senate for a debt ceiling increase. this is what mr. obama had to say about that. >> i want to thank the leadership for coming together and getting this done. hopefully next time it won't be in the 11th hour. one of the things i said throughout this process is, we've got to get out of the habit of governing by crisis. >> barack obama there. so, how much did the partial government shutdown cost the u.s. government? standard & poor's says this all cost at least $24 billion. that's about $1.5 billion each day according to s&p. and they say the impact is not necessarily over. they say consumer confidence has been hurt by the shutdown, and people will remain afraid to open up their checkbooks and that will hurt the economy. >>> two years ago that s&p downgraded america's cr
it raises the debt ceiling through february 7th. but despite republican efforts, it leaves obama care largely untouched. >> that is what this standoff stood on. house republicans were trying to derail obama care, but all this was resolved by a bipartisan effort in the senate for a debt ceiling increase. this is what mr. obama had to say about that. >> i want to thank the leadership for coming together and getting this done. hopefully next time it won't be in the 11th hour. one of...
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Sep 28, 2013
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if congress doesn't raise the debt ceiling in the u.s. quite simply could run out of the money for pay its bills. so think of it as you've got a credit card and you've maxed it out, but the bank's not going to give you a new one, which means the u.s. couldn't pay federal workers, wouldn't pay social security to seniors or medicare or medicaid and that could affect over 110 million people on one of those programs. let's not forget the markets here. how will they react? maybe more expensive to take out a car loan or home loan, and the markets would go nuts, and that could feat your 401(k). >> we already saw that on friday, too. >> yeah, the market overall last week ended lower. it's been sort of on the path of trending higher, so you're seeing some nervousness. traders and analysts think, you know what? lawmakers may come to some sort of deal. until then, it's fuzzy. >> the unknown is the scariest. alison, thank you. >> sure. >>> all right. some people will do anything for love. >> now one woman is taking that to an extreme. really, why one
if congress doesn't raise the debt ceiling in the u.s. quite simply could run out of the money for pay its bills. so think of it as you've got a credit card and you've maxed it out, but the bank's not going to give you a new one, which means the u.s. couldn't pay federal workers, wouldn't pay social security to seniors or medicare or medicaid and that could affect over 110 million people on one of those programs. let's not forget the markets here. how will they react? maybe more expensive to...
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Dec 20, 2013
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to repeat, the debt ceiling is raised simply to pay bills that we have already accrued. it is not something that is a negotiating tool. it's not leverage. it's the responsibility of congress as part of doing their job. i expect them to do their job. although, i'm happy to talk to them about any of the issues that they actually want to get done. so congressman ryan is interested in tax reform, let's go. i've got some proposals on it. if he's interested in any issue out there, i'm willing to have a constructive conversation of the sort that we just had in resolving the budget issues. but i've got to assume folks aren't crazy enough to start that thing all over again. >> if i may just quickly on a more personal note, what is your new year's resolution? >> my new year's resolution is to be nicer to the white house press corps. you know? absolutely. >> quite a lead in, mr. president, thank you. rick leggatt, the head of the nsa task force, told "60 minutes" it was, quote, worth having a conversation about granted edward snowden amnesty. to what degree, sir, were you pleased h
to repeat, the debt ceiling is raised simply to pay bills that we have already accrued. it is not something that is a negotiating tool. it's not leverage. it's the responsibility of congress as part of doing their job. i expect them to do their job. although, i'm happy to talk to them about any of the issues that they actually want to get done. so congressman ryan is interested in tax reform, let's go. i've got some proposals on it. if he's interested in any issue out there, i'm willing to have...
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Jan 5, 2013
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democrats and republicans are set to clash again over raising the u.s. debt ceiling. let me tell you back in the old days the u.s. had a system where every time a bill involving money was passed the treasury had to raise money for it by issuing bonds. the debt ceiling law was established to give the u.s. treasury the flexibility to borrow money without going to congress to get approval every time a bill was passed. it had absolutely nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money it has to pay the bills. republicans seem to think the debt creeling is is a good tool to limit how much the government spends. the current debt ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get it through. and sometime about late february or early march, they might. if congress doesn't act by then, the government risks not being able to pay some of its bills. now, as if that's no
democrats and republicans are set to clash again over raising the u.s. debt ceiling. let me tell you back in the old days the u.s. had a system where every time a bill involving money was passed the treasury had to raise money for it by issuing bonds. the debt ceiling law was established to give the u.s. treasury the flexibility to borrow money without going to congress to get approval every time a bill was passed. it had absolutely nothing to do with spending control or debt control. it was a...
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Mar 9, 2013
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ceiling has to be raised. that is an informal deadline, if you will, looks like the government won't have to shut down. they don't necessarily have to worry about it. all of a sudden, senator rand paul of kentucky, emerging as a star because of the old fashioned filibuster. >> it was remarkable, the fact he was on the floor for almost 13 hours, he didn't sit down, he wouldn't, took a nature call, that ended the filibuster after midnight. there were so many different ripple effects from this. one is, i know you talked to some democrats that he was getting praise from liberals. it really showed how strange d bedfellows are when you look at the civil liberties and the need to be aggressive. he got one democrat to go on the floor with him. but really got praise from the a-type democrats sticking up for him. on his own side, he was beaten up by the wall street editorial page, and of course, john mccain, lindsey graham, more hawkish republicans who say he did a disservice to the country by questioning the idea of us
ceiling has to be raised. that is an informal deadline, if you will, looks like the government won't have to shut down. they don't necessarily have to worry about it. all of a sudden, senator rand paul of kentucky, emerging as a star because of the old fashioned filibuster. >> it was remarkable, the fact he was on the floor for almost 13 hours, he didn't sit down, he wouldn't, took a nature call, that ended the filibuster after midnight. there were so many different ripple effects from...
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Nov 2, 2013
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. >> we watched the tea party holding out on raising the debt ceiling. when you're not holding the winning hand, how do you know when to fold? >> that comes from reading your opponents and figuring out that if you don't fold, you're going to lose all of your chips. i this that the interesting thing here is that really you saw the compromise come from the senate, which isn't that surprising. because in terms of who you're trying to please, because senators are elected from whole states, they have to come to a more middle ground, so the issue is that you have this -- the tea party is basically what you call moving all in. so sometimes you play against players who are just -- they just want to move all their chips in every single time. then you have to make a choice, do you just fold because you're scared of losing all of you are why chips in the short run, or do you call, which would be good in the long-run but might make you lose all your chips in the short run, to stop them from moving all in on you. so holing the debt ceiling over the negotiation is kin
. >> we watched the tea party holding out on raising the debt ceiling. when you're not holding the winning hand, how do you know when to fold? >> that comes from reading your opponents and figuring out that if you don't fold, you're going to lose all of your chips. i this that the interesting thing here is that really you saw the compromise come from the senate, which isn't that surprising. because in terms of who you're trying to please, because senators are elected from whole...
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on the debt ceiling, i'm told that it would go until february 15th so the debt ceiling would be raised until february 15th so that the u.s. would not default. then it gets a little murky on the issue of obama care, which of course is what started this whole conflict. i'm told by democratic sources now, not republican, but democratic sources that the issue of income verification for those who are receiving federal subsidies to get obama care is still on the table. democrats are still talking about that or actually are now talking about that with republicans. so that would be new. if that would be part of a deal, it would be democrats giving in to republicans on something that they can go back to their constituencies and say they have a win on. the last thing we talked about earlier in the hour is some kind of repeal of any kind of tax that is put in place to help pay for obama care. i'm told by democratic sources that that is now off the table but they're not completely shutting the door on it because negotiations are still going on. the last thing i want to tell you is that senate repu
on the debt ceiling, i'm told that it would go until february 15th so the debt ceiling would be raised until february 15th so that the u.s. would not default. then it gets a little murky on the issue of obama care, which of course is what started this whole conflict. i'm told by democratic sources now, not republican, but democratic sources that the issue of income verification for those who are receiving federal subsidies to get obama care is still on the table. democrats are still talking...
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he wants clean bills to open up the government, clean bill to raise the nation's debt ceiling. they're not even using the word "negotiate" at this point, anderson. they're saying they're talking and they're listening. that's an indication i think at this point this white house feels it has the upper hand they're not looking for white smoke coming out but white flag of surrender. >> jay carney using the word conversation instead of negotiation. thanks for the updates. these talks and moderate efforts to rehabilitate the gop brand are taking place at the same time as an especially influential gathering of hard liners at the values voter summit today in washington. listen. >> and i have to tell you, obama care is really i think the worst thing that has happened in this nation since slavery. and it is in a way -- it is slavery in a way. [ applause ] >> because it is making all of us subservient to the government. and it was never about health care. it was about control. >> the worse thing since slavery he said. that's conservative activist ben carson, dr. senator rand paul also spo
he wants clean bills to open up the government, clean bill to raise the nation's debt ceiling. they're not even using the word "negotiate" at this point, anderson. they're saying they're talking and they're listening. that's an indication i think at this point this white house feels it has the upper hand they're not looking for white smoke coming out but white flag of surrender. >> jay carney using the word conversation instead of negotiation. thanks for the updates. these talks...
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we had no debt ceiling. >> congress every few years, every two or years was forced to raise the debt. last time it was a big deal. >> it has been for a while now. even president obama voted against raising the debt. >> that was shameful. he now said he regrets that. i'm with you. he should have never cast that vote. america must pay its bills. those are not obama's debts. >> if the president holds to what he is saying, i am not negotiating and the republicans are not going to raise it unless we come up with spending cuts equal to the debt ceiling. what happens? >> the republicans may cause the country to default. they have the power and do control half of the congress and they have enough votes to block anything. i think it's disgraceful and the president is doing all he can to run the only super power on god's earth. somewhat optimistic. they seem to want to destroy the economy. . >> the will of the people, the american people believe that this government is too big and it spends too much and taxes too much. it's $16 trillion in debt. if the president ignores that problem, he does so
we had no debt ceiling. >> congress every few years, every two or years was forced to raise the debt. last time it was a big deal. >> it has been for a while now. even president obama voted against raising the debt. >> that was shameful. he now said he regrets that. i'm with you. he should have never cast that vote. america must pay its bills. those are not obama's debts. >> if the president holds to what he is saying, i am not negotiating and the republicans are not...
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you could have a situation where you don't raise the debt ceiling and people have to go and really cut and get the country back into shape. there were those who say that could happen, also. >> would you feel comfortable about the debt ceiling limit not being extended as somebody who had so many fingers and business pies in america. >> the word is a hard word. i'm not comfortable with it but i will say something has to be done to get there. we can continue to get this way. we're looking at numbers that are staggering and going up at a staggering rate. something has to be done. they have to make deals. they have to sit down and say we have to do something. you look at what is happening with other countries, how they are -- look, i've been doing this with you for a long time. it never changes. nobody does anything. when you look at china and countries the way they take advantage of this country. china gets their oil and come through the straights. to come through the straights we protect the straights. china gets most of the oil and europe, by the way, we get 10% of the oil and yet, we sp
you could have a situation where you don't raise the debt ceiling and people have to go and really cut and get the country back into shape. there were those who say that could happen, also. >> would you feel comfortable about the debt ceiling limit not being extended as somebody who had so many fingers and business pies in america. >> the word is a hard word. i'm not comfortable with it but i will say something has to be done to get there. we can continue to get this way. we're...
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the nation's debt ceiling once again. the treasury department says that has to take place in february, maybe march at the latest. here's the question. what will it take for you, senator, to support an increase in the nation's debt ceiling once again? >> you know, i supported a proposition called cut, cap and balance two years ago which is, yes, i'll add more debt if you'll agree to balance your budget from here on out. if you're not going to reform the price, if there's not going to be any conditions and the president has already said, hey, i'm not going to negotiate with a gun to my head, he won't negotiate with or without any leverage, with or without any deadlines, my problem is i can't in good conscience vote to raise the debt ceiling without budgetary restraint. >> you realize, of course, senator, and you're obviously a smart guy, the republicans in the senate is the minority, the president is in the white house. in order to reach these kinds of grand deals, if you will, you need to cooperate. you need to compromise.
the nation's debt ceiling once again. the treasury department says that has to take place in february, maybe march at the latest. here's the question. what will it take for you, senator, to support an increase in the nation's debt ceiling once again? >> you know, i supported a proposition called cut, cap and balance two years ago which is, yes, i'll add more debt if you'll agree to balance your budget from here on out. if you're not going to reform the price, if there's not going to be...
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he wants clean bills to open the government and raise the nation's debt ceiling. they aren't even using the word negotiate at this point, anderson. they said they are talking and listening g listening, they are not looking for the white puff of smoke coming out of the capitol, they are looking for the white flag of surrenderer. >> jay carney using surrenderer. thank you for the updates. >>> the talk and efforts to nominate the gop brand are taking place at the same time and gathering of hard liners and the values voter summit today in washington. listen. >> and i have to tell you, you know, obama care is really, i think, the worst thing that has happened in this nation since slavery, and it isn't -- it is slavery in a way because it is making all of us subserve yin to the government and it was never about health care, it was about control. >> the worst thing since slavery he said. that's conservative activist ben carson. ran paul spoke and michele bachmann called obama care death care and the leader, texas senator ted cruz. >> and i'm going to suggest a model for
he wants clean bills to open the government and raise the nation's debt ceiling. they aren't even using the word negotiate at this point, anderson. they said they are talking and listening g listening, they are not looking for the white puff of smoke coming out of the capitol, they are looking for the white flag of surrenderer. >> jay carney using surrenderer. thank you for the updates. >>> the talk and efforts to nominate the gop brand are taking place at the same time and...